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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

Roundups: Tampa General, Henry Ford, PatientsLikeMe, Other Digital Health Partnerships

by Strategic Digital Health Partnerships 05/19/2023 Leave a Comment

IPA, IHANY, Fidelis Care Partner to Address Social Determinants of Health in Upstate New York AzHHA Taps PatientPing to Improve Care Coordination Across State of Arizona

Tampa General Hospital Teams Up with Navina Tampa General Hospital (TGH) partners with AI-powered platform Navina to bring its transformative AI the health system's primary care clinicians. Navina's AI takes large amounts of patient data, including information from labs, consult notes, imaging and more to help create a concise picture of a patient's health status that is instantly understandable and actionable. Clinicians using Navina's platform can quickly assess diagnoses and
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HealthSnap Secures $9M for Remote Patient Monitoring Platform

by Fred Pennic 05/19/2023 Leave a Comment

HealthSnap Secures $9M for Remote Patient Monitoring Platform

What You Should Know: HealthSnap, a Miami-based remote patient monitoring platform for chronic disease management raises $9M in funding led by Asclepius Growth Capital, an SPV founded by David Jahns, a managing director of Galen Partners, and Steve Cashman, CEO of Caption Health and former CCO of InTouch Health, as well as new strategic investments from current business partners UnityPoint Health and Tampa General Hospital. Existing stockholders Florida Funders and MacDonald Ventures also
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Catalyst by Wellstar Launches $100M Digital Health Venture Fund

by Fred Pennic 05/18/2023 Leave a Comment

Catalyst by Wellstar Launches $100M Digital Health Venture Fund

What You Should Know: Catalyst by Wellstar, an innovation company and venture firm created by one of the largest health systems in Georgia launches a $100M digital health venture fund to shape the future of healthcare by creating better care and market value.The venture fund aims to make more than 50 direct investments in early-stage digital health startups, Pre-seed to Series A, over the next five years and invest indirectly in 150+ startups through limited partner investments with venture
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Healthcare Supply Chains Still in Survival Mode, Report Finds

by Fred Pennic 05/18/2023 Leave a Comment

Healthcare Supply Chains Still in Survival Mode, Report Finds

What You Should Know: Three years after COVID-19 was declared a public health emergency, many healthcare supply chain leaders and frontline professionals are operating in survival mode, according to new industry research from Deloitte Consulting LLP.Ongoing challenges include economic pressures, multiple resource shortages, data visibility and labor issues. Key Findings To gain greater insight into these impacts, Deloitte expanded its study by conducting site visits to healthcare
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LRVHealth Raises $200M Fund V Focused on Care Anywhere

by Digital Health Venture Capital Funding 05/17/2023 Leave a Comment

LRVHealth Raises $200M Fund V Focused on Care Anywhere

What You Should Know: Today, LRVHealth announced that it raised $200M in its fifth fund to accelerate its track record of driving transformational change in healthcare. In addition, the firm has expanded its team of healthcare operators and insiders to focus on a core investment strategy for this new fund that’s anchored around a central theme: Care Anywhere. The LRVHealth team has partnered with leading entrepreneurs and helped build many of the healthcare industry’s
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Adonis Secures $17M for Revenue Cycle Automation Platform

by Digital Health Venture Capital Funding 05/17/2023 Leave a Comment

Adonis Secures $17M for Revenue Cycle Automation Platform

What You Should Know: Adonis, an NYC-based revenue cycle intelligence and automation platform built for healthcare, today announced that it has raised $17.3M in Series A financing led by General Catalyst and existing investors Bling Capital, Max Ventures, and Homebrew. As part of the financing, Holly Maloney from General Catalyst will join the board of directors.Healthcare organizations on average are missing 10-15% of the revenue they expect to collect each year due to the operational
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Neura Health Raises $8M to Expand Virtual Neurology Clinic

by Digital Health Venture Capital 05/17/2023 Leave a Comment

Neura Health Raises $2.2M to Expand Virtual Neurology Clinic

What You Should Know: Neura Health, a virtual neurology clinic, announced it has raised $8 million in seed funding to support its newly expanded go-to-market approach. With the funding, Neura will be able to move beyond the consumer market to bring the company’s neurology care offering to the enterprise sector, initially focusing on employers and health plans.Neura’s end-to-end solution offers those living with neurological conditions, starting with headaches and migraine, unlimited online
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Hippocratic AI Launches with $50M for Safety Large Language Model for Healthcare

by Fred Pennic 05/16/2023 Leave a Comment

Hippocratic AI Launches with $50M for Safety Large Language Model for Healthcare

What You Should Know: Today, Hippocratic AI launched out of stealth to announce the first Large Language Model (LLM) designed specifically for healthcare, as well as a $50M seed round co-led by General Catalyst and Andreessen Horowitz.Co-founded by Munjal Shah and Meenesh Bhimani MD, Hippocratic AI is building the first LLM for healthcare, with an initial focus on non-diagnostic, patient-facing applications. It has outperformed existing language models (e.g. GPT-4) on 100+ healthcare tests
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Laguna Health Secures $15M for AI-Powered Contextual Care Management Platform

by Fred Pennic 05/16/2023 Leave a Comment

Laguna Health Secures $15M for AI-Powered Contextual Care Management Platform

What You Should Know: Laguna Health, a NYC-based AI-powered contextual care management platform raises $15M Series A funding co-led by SemperVirens and HC9 Ventures. The initial close brings Laguna’s total raise to date to over $21M.The company will use the funding to deepen its AI capabilities in the care management context and expand its go-to market. Contextual Care Management, Powered by AI 35 million Americans are hospitalized annually, with at least two-thirds discharged to
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Validic Acquires Connected Health Platform Trapollo

by Healthcare Mergers & Acquisitions 05/15/2023 Leave a Comment

Validic Acquires Connected Health Platform Trapollo

What You Should Know: Validic has acquired the assets of Trapollo LLC, a connected health, technical support, and device logistics provider that helps healthcare organizations care for patients at home. Trapollo is a wholly-owned subsidiary of Cox Communications, Inc.With the acquisition of these Trapollo assets, Validic rounds out its core capabilities to make personalized healthcare a practical reality for patients and clinicians. Validic's EHR-integrated healthcare app ingests remotely
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